Page 22 - Video Gallery

Fall in Indian market not due to Long Term Capital Gains Tax: Finance Secretary

New Delhi, Feb 05 (ANI): Finance Secretary to the Government of India, Hasmukh Adhia, on Monday said that dip in the Indian market is not because of Long Term Capital Gains Tax (LTCG), but because of global market going down. He said that it is unfortunate that the LTCG has been announced at a 'wrong time,' and cleared that it is the ripple effect of the world stock market going down on the Indian market and not due to the proposed LTCG as there is a strong connection of all markets.

CBDT responds to queries of taxpayers regarding long-term capital gains taxation

New Delhi, Feb 05 (ANI): Responding to frequent queries regarding taxation of long-term capital gains as proposed in the Finance Bill, 2018, the Central Board of Direct Taxes (CBDT) on Sunday gave answers in the form of Frequently Asked Questions or FAQs. This form is now available on the website www.incometaxindia.gov.in. The Finance Bill, 2018 proposes to withdraw the exemption under Clause (38) of Section 10 and to introduce a new Section 112A in the Income Tax Act, 1961, so as to provide that long-term capital gains arising from transfer of such long-term capital asset exceeding one lakh rupees will be taxed at a concessional rate of 10 percent. Since the introduction of the Finance Bill, 2018, on February 1, 2018, several queries have been raised in different fora on various issues relating to the proposed new tax regime for the taxation of long-term capital gains. The Central Board of Direct Taxes (CBDT) has issued in the form of has issued responses to these queries in the form

Government has decided to give correct price for farmers' produce: PM Modi on Union Budget 2018

Bengaluru (Karnataka), Feb 04 (ANI): While addressing 'Parivartan rally' in Bengaluru, Prime Minister Narendra Modi highlighted the benefits that Union Budget 2018 promises for welfare of the farmers. PM Modi assured that now farmers will get correct price for their produce. "In this budget, Government has made a significant decision so that farmers get correct price of crops." PM Modi further talked about the changes that former state chief minister Yeddyurappa can bring in lives of farmers, if elected as chief minister of the state. "If Yeddyurappa, son of a farmer, becomes CM of Karnataka, the projects for farmers will work at its best because Yeddyurappa has farmers' best interest at heart."

160-km sub-urban railway network to resolve traffic woes in Bengaluru: PM Modi

Bengaluru (Karnataka), Feb 04 (ANI): Prime Minister Narendra Modi on Sunday addressed 'Parivartan Rally' in Bengaluru. In his speech, PM Modi hailed the Union Budget 2018 saying it has solved one major problem of Karnataka, that is, traffic jam."With an investment of 17,000 crore, construction work of 160-kilometre-long sub-urban railway network will be started in Bengaluru. 15 lakh commuters of the city will be benefitted by it,"PM Modi added.

Markets to normalise soon, says Department of Economic Affairs Secretary

New Delhi, Feb 03 (ANI): Secretary of the Department of Economic Affairs (DEA), Subhash Chandra Garg on Saturday assured that normalcy will return to markets very soon. "It is wrong to say that there is sharp fall (in Sensex). There was a correction of 800 points or something. After coming of long-term capital gains, some impact had to come. Soon, the markets will revert to its fundamental aspects. I think normalcy will soon return," Garg told ANI.

Demonetisation: CBDT sends notices to individuals who deposited over Rs. 15 lakh but didn't file return

New Delhi: 03 Feb (ANI):Central Board of Direct Taxes Chairman Sushil Chandra on Saturday said notices were sent to those who deposited more than Rs. 15 lakh in banks during demonetisation but didn't file any return. Over 1,98,000 notices were sent during December-January to pursue that everybody should file return who deposited more than Rs. 15 lakh during demonetisation.

Union Budget 2018: Cryptocurrency is not legal tender, says FM Jaitley

New Delhi, Feb 01 (ANI): Union Finance Minister Arun Jaitley has begun the presentation of Union Budget 2018 in the Parliament on Thursday. Speaking at the Parliament, FM Jaitley said Cryptocurrency is not legal tender. He proposes that 1 lakh Gram Panchayats will be connected with Optic Fibre Cable. He also proposes 5 lakh WiFi hotspots in rural areas.

All eyes on Finance Minister's 'leather bag': People's expectation from Budget 2018

Dehradun, (Uttarakhand), Hyderabad (Telangana), Jan 30 (ANI): Ahead of the commencement of Budget Session 2018, eyes of the common men are staring at the Finance Minister's 'leather bag', which will decide their future. Citizens across the country are eagerly waiting for Modi Government's last budget. From shoppers to customers, from MSMEs to business tycoons, all have different opinion about the upcoming budget. Here's what the common men have to say.

Diamond traders expect new budget to fulfill their long pending demands

Surat (Gujarat), Jan 39 (ANI): With the upcoming budget, the diamond sector is waiting to get their long unfulfilled demands. The diamond traders want presumptive tax to be implemented which is their long unfulfilled demand. They are also demanding permission for minors to sell their rough diamonds in Special Economic Zones (SEZ). The minors can only show their roughs here. The other main demand is for the Small and Medium Enterprises (SME) sector. The SME sector does not get any finances from banks. Only large and Multinational Companies can avail these finances. This does not give the chance to Small and Medium Enterprises to grow. Other demands include basic facilities like housing and proper schools especially for the diamond workers who have migrated to the diamond city Surat.

Economic Survey indicates India rising but not shining

The Economic Survey 2018 prepared by Chief Economic Advisor Arvind Subramanian is a mixed bag of news for the Indian economy. While India is poised to grow at 7 to 7.5%, the fastest in the world, global developments could play party popper. Of major concern, is the rise in global oil prices, the highest in recent times. Oil prices, expected to go up by 16% this year could dampen demand and spur inflation.

These Fintech platforms facilitate hassle-free borrowing

New Delhi, Jan 28 (ANI): Financial technology platforms help fill the credit gap in the economy. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have gained great traction and faith from borrowers. Here is a list of four popular, leading fintech players serving on different market models- Loantap: LoanTap is a fintech consumer lending platform delivering flexible Equated monthly installments (EMI) free loan products to salaried professionals. The platform uses technology to deliver smart and innovative products for millennials. Borrowers can choose custom made loan products from an array of offerings like overdraft facility, credit card takeover loans, rental security deposit loans, advance salary loans and consumer durable loans. OMLP2P: OHMY Technologies Private Limited is the owner and operator of OMLP2P, an online Peer-to-Peer (P2P) lending platform for individuals and

Bombardier wins over Boeing in trade dispute

New Delhi, Jan 27 (ANI): The International Trade Commission rejected the U.S. Commerce Department's recommendation to slap Bombardier's CSeries with 300-percent duty on sales to American carriers. Aleksandra Michalska reports. Canada's planemaker Bombardier won a trade dispute with its U.S. rival Boeing. Last year, Boeing accused Bombardier of selling the CSeries planes below cost in the U.S. As a result, the U.S. Commerce Department recommended a 300 percent duty on Bombardier's jets. But the decisive body - the U.S. International Trade Commission - just voted 4-0 in favor of Bombardier. Bombardier's stock rose on the news. Boeing said it's disappointed by the ITC decision, and it will continue to document Bombardier's presence in the U.S. market.

India-made BMW G 310 GS more expensive than G310R

New Delhi, Jan 27 (ANI): Maxindo Moto, BMW Motorrad's official distributor in Indonesia has launched its budget adventure bike, the BMW G 310 GS in the country for an approximate price tag of IDR 125 million. Made in India, the motorcycle has been launched in many markets across the world. In India, it will be launched later this year, after it makes its debut at the 2018 Auto Expo. It is the second product to come out of the BMW-TVS technology cooperation agreement, the first two being the BMW G 310 R. It has also been launched in Japan where the price starts from 6.7 lakh yen, which is approximately Rs 3.82 lakh. This is about Rs 45-50k more expensive than the G310R. Both, G310R and G310GS will be launched in India later this year. As they are made in India, expect price tag to be in the range of Rs 3 lakh. The BMW G310GS shares many components with the G310R. This helps the manufacturing costs low, and price of the bike competitive.

CBEC facing twin challenge of detection, facilitation: Finance Minister

New Delhi, Jan 27 (ANI): Union Finance Minister Arun Jaitley on Saturday said the Central Board of Excise and Customs (CBEC) needs to fulfill a twin challenge of robust detection to avoid tax evasion as well as facilitation of trade. The Finance Minister added that there has been rationalisation of both domestic and international customs tariffs, along with an increase in the availability of many goods within India itself, through the 'Make in India' initiative.

ONGC borrows Rs. 4,000 crore from ICICI Bank

New Delhi, Jan 25 (ANI): The Oil and Natural Gas Corporation (ONGC) has borrowed around Rs. 4,000 crore from the ICICI Bank. Borrowing is part of a tie-up with three banks- Punjab National Bank (PNB), Bank of India (BOI) and Axis Bank, which took Rs. 18,060 crore for part funding its acquisition cost of Rs. 36,915 crore equity shares of the Hindustan Petroleum Corporation Limited (HPCL). The acquisition would also create India's first integrated oil company. Earlier, the ONGC said that it has entered into loan agreements with the three banks- Rs. 10,600 crore with PNB, Rs. 4,460 crore with BOI and Rs. 3,000 crores with Axis Bank, respectively.

Grofers launches membership subscription-based service 'Smart Bachat Club'

New Delhi, Jan 24 (ANI): Low-price online supermarket Grofers has launched a membership subscription based service for its customers, 'Smart Bachat Club' this month. It is the first loyalty program of its kind for any online grocery player in the country and has already crossed 50,000 subscribers within two weeks from its launch. The 'Smart Bachat Club'subscription is available in a varied tenure, ranging from one month to twelve months, and the members of the club can shop for their daily groceries by paying as low as wholesale prices.

Amazon Go opens in Seattle

Seattle (U.S.), Jan 23 (ANI): American electronic commerce and cloud computing company Amazon opened its checkout-free grocery store in Seattle, an experiment could dramatically alter brick-and-mortar retail. Amazon just opened its first checkout-free grocery store called 'Amazon Go.' Amazon didn't say if or when it will add more Go locations. Last year, Amazon shelled out $14 billion to buy an upscale grocery chain Whole Foods. But it said it's not introducing the checkout-free technology there.

Lack of investment by private sector is problem in India's economic growth: Industrialist Rahul Bajaj

Davos (Switzerland), Jan 22 (ANI): Renowned Industrialist Rahul Bajaj, on Monday, asserted that the major problem causing hindrance in India's economic growth is lack of investment by private sector across the country. He added that the government is forced to spend more compared to the private sector, adding that it results to 'jobless growth'. He added that growth without employment is 'bad' for the common man.

Global chain WAFL to launch 1st outlet in Delhi's SDA Market

New Delhi, Jan 22 (ANI): Popular waffle chain, WAFL, having 50+ Quick service restaurants (QSR) outlets all over the world, is all set to enter the Indian market, with a first flagship store opening here at the SDA market. Targeting revenue of Rs. 60 crore by 2018, WAFL will soon open stores in GK-1, Punjabi Bagh, followed by Bengaluru and Surat for its first phase launch. By 2020, the company aims to open 250 stores pan India, with revenue targeted revenue of Rs. 200 crores. The WAFL food range will include a large range of waffle products namely Hongkong WAFL, Belgian WAFL, WAFL Corn Dog, WAFL Sandwich, WAFL Pie and the unique J-Tube for soft serve. Along with this shakes, tea, and coffee will also be served. The company is eyeing an untapped Indian breakfast market by serving foodies trendy food at reasonable prices.

Honda India recalls 22834 vehicles over faulty airbag

New Delhi, Jan 20 (ANI): Honda Cars India Ltd (HCIL) on Friday issued a recall for 22,834 vehicles of 2013 model of Accord, City and Jazz as part of a precautionary global recall campaign concerning Takata front airbag inflators. The replacement will be carried out free of cost at HCIL dealerships across India in a phased manner starting from January 19, and the company will communicate with customers directly. The company will recall 510 and 240 vehicles of Accord and Jazz respectively. About 22,084 Honda City vehicles will be recalled voluntarily. Further, customers can check whether their cars are covered under this campaign by submitting their 17 character alpha-numeric Vehicle Identification Number (VIN) on the special microsite which has been created on the company's website. The HCIL also reiterated the importance of replacing the defective Takata front airbag inflators urgently as they may deploy with excessive internal pressure when activated. The airbag inflator casing might